Element Fleet Management (TSE:EFN) Price Target Raised to C$39.00 at National Bankshares

Element Fleet Management (TSE:EFN) had its target price hoisted by National Bankshares from C$37.00 to C$39.00 in a research report report published on Thursday morning,BayStreet.CA reports.

EFN has been the subject of a number of other research reports. Royal Bank of Canada lifted their target price on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Jefferies Financial Group lifted their price objective on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. CIBC increased their target price on shares of Element Fleet Management from C$30.00 to C$33.00 in a research note on Thursday, October 31st. TD Securities lifted their price target on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Raymond James increased their price objective on shares of Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Element Fleet Management has a consensus rating of “Moderate Buy” and an average target price of C$33.50.

Element Fleet Management Stock Up 0.1 %

Shares of TSE:EFN opened at C$27.11 on Thursday. The company has a 50-day moving average price of C$28.66 and a 200 day moving average price of C$26.33. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. Element Fleet Management has a 12 month low of C$20.62 and a 12 month high of C$30.04. The company has a market cap of C$10.94 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.97 and a beta of 0.91.

Element Fleet Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 1.77%. Element Fleet Management’s dividend payout ratio (DPR) is 37.50%.

Insiders Place Their Bets

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of Element Fleet Management stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. Insiders own 0.26% of the company’s stock.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.